BlackSky misses Q2 revenue estimates, net loss widens

Blacksky Technology

07/08/2025 12:14

Overview

BlackSky Q2 total revenue falls to $22.2 mln, missing analysts' expectations, per LSEG data

Net loss for Q2 widens due to derivative loss

Co raises $185 mln in upsized convertible note offering

Outlook

BlackSky expects 2025 revenue between $105 mln and $130 mln

Company anticipates break-even to $10 mln adjusted EBITDA for 2025

BlackSky maintains 2025 capital expenditures guidance of $60 mln to $70 mln

Result Drivers

GEN-3 SATELLITE LAUNCH - Successful launch and commissioning of second Gen-3 satellite providing high-resolution imagery and AI-driven analytics, per CEO Brian E. O'Toole

EARLY ACCESS AGREEMENTS - Multiple agreements signed for Gen-3 imagery and analytic services with international customers

REVENUE DECLINE - Professional and engineering services revenue fell due to variability in milestone-based contracts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$22.2 mln
$23.10 mln (11 Analysts)
Q2 Net Income
-$41.20 mln
Q2 Adjusted EBITDA
-$2.80 mln
Q2 Capex
$10 mln
Q2 Operating Expenses
$29.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Blacksky Technology Inc is $25.00, about 26.8% above its August 6 closing price of $18.30

Press Release: ID:nBw4gyvH8a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)